NRS 244A.720
Issuance of bonds by Director of Department of Business and Industry as special obligations of State.

1.

The board may exercise its power to issue bonds and to redeem them by requesting the Director of the Department of Business and Industry to issue bonds to finance any project for which bonds could be issued pursuant to NRS 244A.669 to 244A.763, inclusive.

2.

If the Director believes that the bonds are marketable under the terms set forth in the resolution of the board requesting their issuance, the Director may proceed to issue them as special obligations of the State, secured only by the revenues, mortgage or pledge specified in the resolution.

3.

The Director may receive and disburse the revenues of each project for which the Director has issued bonds, and may charge from those revenues, or directly to the county if those revenues are not sufficient, a reasonable compensation for his or her services. The Director may exercise any power which the board would have to collect payments due from the obligor.

Source: Section 244A.720 — Issuance of bonds by Director of Department of Business and Industry as special obligations of State., https://www.­leg.­state.­nv.­us/NRS/NRS-244A.­html#NRS244ASec720.

244A.669
Short title. 244A.671
Definitions. 244A.672
“Affordable housing” defined. 244A.673
“Board” defined. 244A.675
“Bonds” and “revenue bonds” defined. 244A.677
“Capacity” defined. 244A.678
“Corporation for public benefit” defined. 244A.679
“Finance” and “financing” defined. 244A.681
“Financing agreement” defined. 244A.682
“Health and care facility” defined. 244A.683
“Mortgage” defined. 244A.685
“Obligor” defined. 244A.687
“Pollution” defined. 244A.689
“Project” defined. 244A.691
“Revenues” defined. 244A.692
“Supplemental facility for a health and care facility” defined. 244A.693
“Warehousing” defined. 244A.695
Legislative intent. 244A.696
Exercise of powers by county 244A.697
General powers. 244A.698
Restrictions on powers of county. 244A.699
Power to sell capacity of project for generation and transmission of electricity and to charge for use of transmitting facilities 244A.701
Project for generation and transmission of electricity: Studies, surveys and options. 244A.702
Project for generation and transmission of electricity: Issuance of taxable bonds to acquire, improve or equip project. 244A.703
Project for generation and transmission of electricity: Sale and issuance of additional bonds. 244A.705
Enforcement of county’s obligation to issue additional bonds or to contract for sale of capacity or for construction and operation of project. 244A.707
Notice and public hearing by board of county commissioners. 244A.709
Details of proposed terms and conditions of transaction not required in notice. 244A.711
Determinations required of board of county commissioners after public hearing 244A.713
Bonds to be special obligations. 244A.715
Form and terms of bonds. 244A.717
Security. 244A.719
Terms of resolution and instruments. 244A.720
Issuance of bonds by Director of Department of Business and Industry as special obligations of State. 244A.721
Types of authorized investments 244A.723
Construction of project. 244A.725
Limitation on county’s obligation. 244A.727
Rights upon default. 244A.729
Determination of costs of financing. 244A.731
Lease, sale or financing of project. 244A.733
Option to purchase. 244A.735
Refunding. 244A.737
Application of proceeds 244A.739
Payment and contribution by county prohibited 244A.741
Operation by county prohibited. 244A.743
Project for generation and transmission of electricity: Legislative approval and determination of limit of capacity. 244A.745
Project for generation and transmission of electricity: Establishment, composition, powers and duties of committee to manage project. 244A.753
County’s property exempt from taxation 244A.755
Project for generation and transmission of electricity: Payment in lieu of taxes. 244A.757
Eminent domain not available 244A.759
Limitation of actions. 244A.761
Faith of State pledged against repeal, amendment or modification of County Economic Development Revenue Bond Law. 244A.763
County Economic Development Revenue Bond Law constitutes full authority for exercise of powers granted. 244A.6825
“Historic structure” defined. 244A.6975
Issuance of bonds for affordable housing or residential housing for corporation for public benefit.
Last Updated

Feb. 5, 2021

§ 244A.720’s source at nv​.us